News

 
  • Grocery Chain Tesco to Pay $160,256,700 Over Accounting Fraud

    By:
    Chris Gaetano
    |
    Mar 29, 2017
    International grocery store chain Tesco will pay a fine of  $160,256,700 (or £129 million) to settle charges related to widespread accounting fraud that, when it became unsustainable, led the company to admit it had overstated its profits by $338 million (£263 million). 

  • Study: People Like Hedge Funds That Sound Tough

    By:
    Chris Gaetano
    |
    Mar 29, 2017
    A recent study has found that investors put more money into a hedge fund if it has a tough sounding name, like Manchester Alpha Fund or Marathon Macro Strategic Allocation, instead of a more prosaic, or even gentle sounding, name like Hare Investment Fund or Mullaney Investment. 
  • TIGTA Faults IRS for Keeping IP PIN Program Open After It Was Hacked

    By:
    Chris Gaetano
    |
    Mar 28, 2017
    The Treasury Inspector General for Tax Administration (TIGTA) faulted the IRS in a recent report for keeping its IP PIN program open even after a security breach had been identified. 
  • Burglars Steal 220-pound Gold Coin Worth $4 Million

    By:
    Chris Gaetano
    |
    Mar 28, 2017
    A 20-inch wide, 220-pound solid gold coin was stolen from Berlin's Bode Museum, estimated to be worth approximately $4 million.  
  • Regulatory Roundup: March 22-28

    By:
    Chris Gaetano
    |
    Mar 28, 2017
    With so many regulators out there, it can be tough to keep track of everything they say from week to week. Luckily we here at the Trusted Professional have collected relevant regulatory announcements from this past week and put them here in one place to help you stay on top of regulatory issues or matters. 
  • Study: CPA Firms Put More Customers on Hold Longer Than National Average

    By:
    Chris Gaetano
    |
    Mar 27, 2017
    While the average business will put their customers on hold about 70 percent of the time, CPA firms do so pretty much 100 percent of the time, according to Accounting Today. 
Page
 
 

Press Room

  • NYSSCPA's Top 10 Tax Filing Tips

    By:
    Michael Moi
    |
    Feb 16, 2017

    NYSSCPA 2016 Top 10 Tax Filing Tips

    1. New York State driver’s license requirement – When New York taxpayers begin filing their 2016 returns, they’ll also need to provide their accountant with their New York State driver’s license or state-issued IDs. This new information will act as an additional level of identity authentication to prevent fraudulent returns from being filed by criminals. Alabama and Ohio have similar requirements with more states to follow. Only one ID is necessary for married couples filing jointly.
  • CPA Society Presents Sidney Kess Financial Planner Conference, Jan. 17

    By:
    Maya Lindsay
    |
    Jan 10, 2017

    NEW YORK – (Jan. 10, 2017) - On behalf of the New York State Society of CPAs’ (NYSSCPA) Foundation for Accounting Education (FAE) and Baruch College, Sidney Kess, counsel to Kostelanetz & Fink, LLP, and  accounting profession icon presents, The CPA as Financial Planner Conference on Jan. 17, from 8:30 a.m. – 5 p.m. The conference will be held at Baruch College’s Zicklin School of Business, 55 Lexington Ave, in New York City.

  • 2017 Excellence in Financial Journalism Awards – Call for Submissions

    By:
    Maya Lindsay
    |
    Dec 5, 2016

    NEW YORK – (Dec. 5, 2016) – It’s about that time again! The 34th annual Excellence in Financial Journalism Awards (EFJ) — honoring the best in business news journalism — is calling for submissions. Broadcast, print, radio and online news organizations and reporters can submit financial news stories that were published, posted or aired between Jan. 1, 2016 and Dec. 31, 2016. 

     

  • NY CPAs Support Proposed Cybersecurity Rules for New York’s Financial Institutions — But With Revisions

    By:
    Michael Moi
    |
    Nov 17, 2016
    NEW YORK (Nov. 17, 2016)—The New York State Society of CPAs (NYSSCPA) supports the New York State Department of Financial Services’ proposed cybersecurity requirements for the state’s financial services companies; however, the Society warned against using current language in the proposal that could potentially undermine their effectiveness or result in unintended consequences. Some of the Society’s suggestions would provide impacted organizations with flexibility to comply with the new DFS regulations.
Page

Carry It Forward

Internal Audit Committee

Pearl

Acumatica